I was personally brimming with confidence around April of 2016, When the ASI reversed up at 5800 levels. That rally was HUGE given the sickening sentiment we saw since the ASI failed to extend above 7600 on 12th January 2015. This pathetic sentiment of desertion you get in a GHOST CITY continued ever since, and we are about to step into the 3rd year with this feeling on the 12th of January 2017. So many people from different walks of life share the sorrow of wasting 2 years of Lives, and stepping into the 3rd year with lost hopes and direction is worse than FRUSTRATION.I thought the rally between March and May 2016 would be a stepping stone for the rest of 2016. If you have been reading my posts you would remember I had posted on the 29th of April 2016 that ASI will end 2016 at 7000 points (you can read it here:
http://techwatch-esgee.blogspot.com/2016/04/asi-7000-points-before-year-end.html) I was wrong as it turned out to be a pipe dream but I was right as the sentiments that warranted the move was not there i.e. POSITIVE SENTIMENTS.
As we closed on Friday the 6th of January 2016, the market wants to turn, and continue to recoup the lost ground. But can the sentiments be changed? That is the biggest question. The market is crying out for a major rally, but the confidence is HARD TO FIND. Only the strong minded can withstand this, and become a WINNER. All you got to have is the will power to BELIEVE. But who has it??? THE ONE WHO HAS IT WILL BE THE ONE WHO KNOWS WHY HE INVEST OR TRADE IN SHARES. HE HAS A PLAN AND A PURPOSE, A REASON BEYOND ALL PESSIMISM.That said I also must mention that ALL WHO HAVE BEEN COLLECTING IN THE LAST 2 YEARS, will have reasons to applaud.
The Market is a strong Buy, and if you have packed your BAG OF STOCKS, stay tight.... you will reap the benefits if the present status of the ASI is the turning point.
No comments:
Post a Comment